Beginning and Concept
The paternalistic concept of fringe benefit started as by employers among their employees and families.
welfare work
True or False. Company benefits can be administered inappropriately and be based on a sound company philosophy in granting additional benefits.
False
What are the benefits mandated by the law?
Statutory benefits
True or False. Managing a fringe benefits program is an administrative and economic problem to the employer.
False
One of the guidelines is that it must be mutual benefit to both the employees and employer
Corporate Policy
Terminology use defining one who provide for family emergency needs and was highly respected by all.
Big Brother
Are given depending on the services of the employees.
Other Benefit Programs
Shares under this agreement are generally paid quarterly, semi-annually or annually
Cash Plan
Credit unions
Continuous research program should be done by the to evaluate not only the cost impact of benefit programs but also its effects on employees' performance and morale.
Human Resource Department
Are anything that is not covered by regular salaries and wages. It is aything that contributes to the improvement of the conditions of work, and that motivates employees to do good work.
Benefit
Some companies pay these kind of benefits outside of those given by the Social Security System (SSS).
Retirement Benefits
A benefit which pays out either a lump sum or regular payments on your death, giving your dependants financial support after you've gone
Life insurance and pension plans
Who must feel that they are part of the employers' welfare program as a member of one big family?
Employees
Are substantial and continue to grow rapidly in some areas, especially on employees' health care benefits.
Benefit costs
Who recognize that employees are contributors to the economic development of the country and has to be taken care of by passing legislation that offers more benefits to the employees?
Government
What does a company aims to develop besides boosting employees' morale when having athletic and recreational programs?
esprit de corps
Tangible benefits that can be measured in terms of revenue generated or money saved through the implementation of policies.
Economical and Financial Benefits
Are still basic intrinsic factors that drive the employees to be productive and efficient in the performance of their task.
Wages
Who approves policy guidelines and procedures in a company?
Board of Directors